By SectorWire desk ·
Senator and presidential candidate Flávio Bolsonaro criticised the Brazilian government’s decision to prohibit fixed-odds betting on 7 October. He accused President Luiz Inácio Lula da Silva of undermining legal certainty.
Bolsonaro’s criticism raises legal certainty concerns over the government’s decision for fixed-odds betting operators.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
The proposal could affect betting operators and the sector’s workers, clubs and public revenue if Congress advances the ban.
President Lula’s renewed criticism puts betting’s alleged harm to poor people under political scrutiny.
Operators await a Supreme Court decision on Brazil’s regulated gambling sector closure that experts expect after the general election.
Flávio Bolsonaro’s criticism raises legal certainty concerns over the government’s fixed-odds betting prohibition.
The ban and uncertainty over its reversal may affect licensed operators’ ability to recover their investments in Brazil.
Lula’s broadly unchanged position after MP 1.394 raises questions about the electoral benefit of his government’s betting stance.